Unlocking the Power of SmLazyTMA V9.1 EA MT4: A Comprehensive Guide
elcome to the ultimate guide on SmLazyTMA V9.1 EA MT4, your gateway to enhanced trading strategies and optimized performance. In this article, we delve deep into the features, benefits, and strategies associated with this powerful tool.
Certainly! Let’s create a valuable overview for the “SmLazyTMA V9.1 EA MT4” based on the available information:
SmLazyTMA V9.1 EA MT4 Overview
Key Features:
- Timeframes: M5 and M1
- Currency Pairs: (To be specified)
- Minimum Deposit: (To be specified)
Strategy:
The SmLazyTMA V9.1 EA MT4 employs a unique strategy that combines elements of trend-following and volatility-based trading. Here’s how it takes trades:
- TMA Bands (Standard Deviation):
- Instead of using the Average True Range (ATR), this EA utilizes the standard deviation to calculate the TMA (Triangular Moving Average) bands.
- The multipliers for the bands follow the mathematical sequence: 1, 2, 3, 4.
- Moving Average Slope:
- The EA considers the logarithm of the slope of a simple moving average (SMA) with a period of 3 and a shift of 1.
- The moving average is calculated based on the typical price (pivot).
- Trade Entry Criteria:
- Long Trades:
- When the close of the current candle crosses above Band2 (upper TMA band), a long signal is generated.
- Entry occurs at the open of the next candle.
- Short Trades:
- For short trades, the signal is based on the close of the previous candle crossing below Band2.
- Entry also occurs at the open of the next candle.
- Long Trades:
- Risk Management:
- The EA calculates lot sizes based on a fixed risk percentage (e.g., 1% of account balance) for stop loss placement at Band4.
- Trailing stops are applied using Band1 or Band2.
Recommended Usage:
- Timeframes: M5 and M1 are recommended for optimal performance.
- Currency Pairs: Choose currency pairs with sufficient liquidity and moderate volatility.
- Minimum Deposit: The minimum deposit required to run the EA will depend on your risk tolerance and lot size settings.
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